QFG structures a 1st Mortgage and Preferred Equity Finance Package at VIDA – West End
QFG was engaged, by a repeat client, to secure a structured finance package for an iconic development on the Brisbane River at West End.
Finance for a 1st mortgage was obtained at 80% of total development costs, this was sourced from a second tier bank. The loan amount was $61,000,000 PLUS a GST facility of $500,000.
A $12,800,000 preferred equity package was secured which represented 72% of ...